NFLX long @ open Exit 80% of trade size @ 109.45 Stop @ 102.09 The remaining 20% size of the trade will ride the trend till i give exit signal.
Bull flag forming here with earnings a couple weeks away. One of the few stocks green today showing relative strength. Could bust through that 200 moving average soon on its way to $110. See where this thing opens tomorrow and adjust your risk accordingly. Ideal entry sub 104 on a morning gap down. Stop below micro support ~102. So risk $2 to get $6.
In my opinion we have opportunity to earn some money on long position. I bought this stock on Friday. We had breakout last resistance.. and now we can see that old resistance is our new support. We can set short s/l.. with nice risk to reward ratio.
Trending nicely into earnings
Notably tight and heavy resistance at the range of 100.32-101.87. If NFLX can clear this range, the next big level is 106.05-106.61.
Right now, spy seems like on its wave 4th. The weekly trend line has not been broken yet. A good signal is SPY across the 100 EMA and stands right at the 200 EMA. However, charts usually jumps up and down between average lines before they waterfall. Another weak signal shows us that MACD is now functioning below 0 line. To me, I don't expect SPY go any higher...
retest and short. tp at the bottom trendline.
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
Basic TA Inverted Hammer in a downtrend approaching 200sma Falling Wedge supports mapped out remember the market is fluid :)
Between Summer and Fall of 2015, NFLX has created a double top pattern. There were two possible necklines, one near $93 (lows of September 2015) and another at $85.50 (low from the China induced August 24 2015 spike). The stock traded around the $93 level this week and it looked like the stock might just avoid breaking through the $85.50 low. However, the tech...
Inventergy Global Inc. has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag on the right and the price is above the yellow 13 day exponential moving average (EMA) which is a very bullish sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and...
The slope of Netflix's current support is 100%/year. I personally don't see how this could be sustainable and I'm expecting the support to break, probably during this current approach. You could easily see this as an opportunity to go long, but that seems dangerous to me. What do you think? Please provide opinions, because I'm new to publishing ideas.
Stalking Larger Trend continuation setup.....Price action Entry confirmation needed.
If NFLX breaks current channel support (wich seems stong) it could go straight to fill the gap at 69$. Regards.
Basic TA $GS keep it simple Gap Down Break out of triangle in to Rectangle Supports Mapped Out along with Trendlines The Market is Fluid Right now i see it going lower or sideways Only Time will tell. ;)
NFLX announces earnings on Tuesday 1/19 after market, so look to put on any premium selling play shortly before NY close. Here are two possible setups, which may have to be tweaked, depending on price movement in the underlying: Jan 29 80/128 short strangle Probability of Profit %: 77% Max Profit: $246/contract Buying Power Effect: ~$1041 Break Evens:...